[Meitu's 18th Anniversary Discloses AI Innovation Product Progress: Picchi ARR Reaches $1.11 Million] According to Golden Finance, on October 10, Meitu Chairman Wu Xinhong revealed in an internal speech during the company's 18th-anniversary celebration that over the past year, Meitu has established 10 AI innovation studios. Among them, Picchi and MVLAND have validated product-market fit (PMF). As of October 9, their annual recurring revenue (ARR) reached $1.11 million and $680,000, respectively.